Sigma Labs and Fraunhofer IAPT Initiate Research and Development Collaboration
December 03 2018 - 8:00AM
Sigma Labs, Inc. (NASDAQ: SGLB) (“Sigma Labs” or the “Company”), a
provider of quality assurance software under the PrintRite3D®
brand, and the Fraunhofer Research Institution for Additive
Manufacturing Technologies (IAPT), based in Hamburg, Germany,
announced a collaborative research and development agreement,
focusing on the industrialization of additive manufacturing. John
Rice, CEO of Sigma Labs, and Prof. Dr.-Ing. Claus Emmelmann,
Managing Director of Fraunhofer IAPT, signed the agreement during
the recent Formnext 2018 trade show in Frankfurt, Germany.
“The aim of this collaboration is to test and validate the use
of the PrintRite3D system to identify and quantify machine and
process inconsistencies as well as flag defect thermal signatures
during the laser melting process, and correlate them to CT scan
results,” Mr. Rice said. “Ultimately, this will allow users to
reduce scrap, increase productivity and reduce post-process
inspection costs.”
“There is a clear demand for independent process monitoring
systems for Additive Manufacturing within the industry. Therefore
we are looking forward to cooperating with Sigma Labs on the
further development of their technology,” Prof. Dr.-Ing. Emmelmann
said.
As part of the agreement, the existing PrintRite3D system at
Fraunhofer IAPT in Hamburg, Germany, will be upgraded.
About Sigma Labs
Sigma Labs, Inc. is a provider of quality assurance software
under the PrintRite3D® brand and a developer of advanced,
in-process, non-destructive quality assurance software for
commercial firms worldwide seeking productive solutions for
advanced manufacturing. For more information please visit us
at www.sigmalabsinc.com.
About Fraunhofer IAPT:
The Fraunhofer Research Institution for Additive Manufacturing
Technologies (IAPT) is the 70th institute of the
Fraunhofer-Gesellschaft which is one of the largest
application-oriented research organizations with more than 25.0000
employees in Europe. The Fraunhofer IAPT was founded by the LZN
Laser Zentrum Nord GmbH and parts of the Institute of Laser and
System Technologies at the Hamburg University of Technology as one
of the world’s leading institution for scientific-industrial
technology transfer in the area of 3D printing. Furthermore, the
Fraunhofer IAPT focuses on research and development of additive
manufacturing technologies with main emphasis on design, process
and factory with about 100 employees at the production sites in
Hamburg and Lüneburg. For more information please visit
www.iapt.fraunhofer.de/.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (which Sections were adopted as part of the Private
Securities Litigation Reform Act of 1995). Statements preceded by,
followed by or that otherwise include the words “believe,”
“anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,”
“prospects,” “outlook,” and similar words or expressions, or future
or conditional verbs such as “will,” “should,” “would,” “may,” and
“could” are generally forward-looking in nature and not historical
facts. These forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the
Company's actual results, performance or achievements to be
materially different from any anticipated results, performance or
achievements. The Company disclaims any intention to, and
undertakes no obligation to, revise any forward-looking statements,
whether as a result of new information, a future event, or
otherwise. For additional risks and uncertainties that could impact
the Company’s forward-looking statements, please see the Company’s
Annual Report on Form 10-K (including but not limited to the
discussion under “Risk Factors” therein) filed with the SEC on
April 17, 2018 and which may be viewed at http://www.sec.gov.
Media Relations Contact: Cheryl SchneiderDGI
Comm212-825-3210cschneider@dgicomm.com
Investor Relations Contact:Bret ShapiroManaging DirectorCORE
IR561-479-8566 brets@coreir.com
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/ceade2c9-9695-4282-87fe-fb429a4104b3
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